Course Solutions Uncategorized Homework Hw2 Financial Statements Review Hw Score 696 07 10 Pts Core 0 1 Pt P2 7 Similar E Q34319517

Homework Hw2 Financial Statements Review Hw Score 696 07 10 Pts Core 0 1 Pt P2 7 Similar E Q34319517

Homework: HW2 Financial Statements Review HW Score: 6.96%, 0.7 of 10 pts core: 0 of 1 pt P2-7 (similar to) EBITHomework: HW2 Financial Statements Review HW Score: 6.96%, 0.7 of 10 pts core: 0 of 1 pt P2-7 (similar to) EBIT Show transcribed image text Homework: HW2 Financial Statements Review HW Score: 6.96%, 0.7 of 10 pts core: 0 of 1 pt P2-7 (similar to) EBIT

Expert Answer


Sales Revenue346000COGS133000Fixed Costs43000Selling expenses27500Depreciation45000EBIT97500Interest expense18800Taxable income78700Taxes31480Net Income47220

EBIT= Sales Revenue-COGS-Fixed costs – Selling expenses -Depreciation

Taxes= Taxable income*.40

Net Income = Taxable income – taxes

Net Income47220

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